Polestar Automotive: Initiation Of Coverage – What Are The 3 Biggest Hindrances In Its Path For Profitable Growth? 

Polestar has released its Q2 2024 financial results, revealing both strengths and areas that require attention. A
thorough assessment of these results offers a comprehensive perspective on the firm’s current financial health
and business trajectory. Starting with the positives, Polestar demonstrated an impressive 80% increase in global vehicle sales, reaching 13,150 cars. This significant sales jump contributed to a revenue increase of nearly 17% to USD 575 million
quarter over quarter, illustrating a robust demand for the company’s vehicle models, mainly fueled by the initial
deliveries of the Polestar 3 and the continuing appeal of the Polestar 2.